What is Lean FIRE?

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With so much news about the FIRE movement, you have to wonder which way is best for you. Many people have mentioned Barista FIRE or even regular FIRE.

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Lean FIRE (Financial Independence Retire Early) is the ability to stop working and retire before the average retirement age of over 60+ years of age but retiring on a lower cost of living standard. 

What is Lean FIRE?

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When looking at retirement numbers, you need to create a goal to hit for your retirement. You cannot just wait until you are 60+ years old and think you have enough.

How Much Do You Need for Lean FIRE?

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You take your annual spending and multiply it by 25. If you spend $40,000 per year, the formula will look like this: $40,000 x 25 = $1,000,000

The 4% Rule

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Living below your means is about living on less. You do not live paycheck to paycheck anymore. There needs to be a budget, and saving should be an important goal. 

Living Below Your Means

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- Quicker to Financial Independence - Less Stress - Living a Frugal Lifestyle

The Pros of Lean FIRE

What Are Some Pros and Cons of Lean FIRE?

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Swipe up to learn more about  Lean FIRE!

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